Legacy Hardwoods Hawaii Implements Latest RFID Investment Tree Tracking Project
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Legacy Hardwoods (HLH) of Hawaii is using an RFID tree tracking database for the first time so that investors in the HLH Koa Acacia Investors reforestation project can track and monitor investment progress in real time.
HLH’s IT specialists are integrating their systems, which include GPS/GIS (Global Positioning System/Geographic Information System) plantation map information systems, and each Acacia koa tree planted is equipped with RFID. The RFID project means that each tree has a computer signature that allows tree owners to track ownership, growth, maintenance, wood production and genealogy. GPS/GIS systems determine the location of individual trees through a precise set of geographic coordinates, allowing tree owners to locate their trees on a map using satellite imaging.
Jeff Dunster, CEO of HLH, said: “High-tech projects give forest investors unprecedented comfort. HLH investors can view their sustainable timber investments from space as long as they use Google Earth and other programs to access the Internet, and find out exactly what they are doing. own trees. We expect the rest of the industry to follow suit over the next 10 years.”
The HLH project provides a unique opportunity for individual and institutional investors to invest in sustainable commodities like Koa Acacia by purchasing a certain unit of trees (like here 100 Koa Acacias per unit) . HLH makes this investment opportunity available to a broad range of investors and investment vehicles such as trusts, IRAs and 401Ks. It’s a 25-year project and profits are made through thinning and harvesting. HLH now offers tree sections for the 2010 planting season.
HLH Plantation is located 34 miles north of Hilo, Hawaii, above the historic village of Umikoa on the slopes of Mauna Kea. The 2,700-acre sustainable forest project will feature 1.3 million tropical rare hardwood trees, primarily acacia koa, found only in Hawaii. The planting site was once a magnificent Koa acacia forest, which was originally the personal property of King Kamehameha I. Old forests have been almost completely destroyed by logging or as pastures. HLH is working hard to restore this place to its historic glory.
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